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ICSM Tech Business News: HSBC buy insolvent Silicon Valley Bank for £1 and prevent hundreds of firms collapsing and a potential ‘existential threat’ to the UK economy as a late night deal is done
By Harry Mottram: HSBC have acquired the insolvent Silicon Valley Bank (SVB) for £1 after a frantic weekend of negotiations that saw potentially a massive hole blown in the UK economy as …